Wow, a sensible response.

Why is LTC crashing at the moment? Simple.

Its value rocketed up along with Bitcoin's a couple of months ago, and since then, a lot of people have bought in to what was Gox rumour at the time. After Gox announced that they would be implementing LTC in the future on an official press release, rumours started flying around that Gox weren't ever going to implement LTC.

So what have we learned? People are more interested in baseless rumour and speculation than facts and official announcements. That's frightening in itself.

I view this (if not today, when it levels out) as the perfect time to buy LTC. LTC is not dead, it's just getting started.